Company Overview - Strive Inc. (NASDAQ: ASST) is a newly formed company resulting from the merger between Asset Entities Inc. and Strive Enterprises Inc. [2] - The company has finalized equity financing amounting to $750 million, with an additional $750 million potentially available through warrants [2] Recent Performance - Strive Inc. experienced a significant decline, dropping 17.86% to close at $3.68 per share, marking its fourth consecutive day of losses [1] - The decline follows a steep surge attributed to a $1.5 billion Bitcoin strategy, as investors began to book profits [1] Leadership Changes - Recent leadership changes include Matt Cole taking on the roles of chairman and CEO, while Ben Pham has been appointed as CFO [3] - Arshia Sarkhani, the former CEO of Asset Entities, has assumed the role of chief marketing officer [3] Strategic Focus - The executive team emphasizes their expertise in Bitcoin, capital markets, and governance, aiming to drive substantial shareholder value [4] - The company's mission is to increase Bitcoin per share and outperform Bitcoin over the long term [4]

Core Insights - Strive, Inc. has announced a strategic acquisition of True North Inc. in a de minimis cash transaction, enhancing its position in Bitcoin advocacy and digital finance [1] - The acquisition is expected to create synergies that will facilitate platform expansion without incurring additional costs [1] - True North's founder, Jeff Walton, has been appointed as CEO of True North and Chief Risk Officer of Strive, indicating a leadership integration [2] Company Overview - Strive is the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share to outperform Bitcoin over the long term [4] - Since launching its first ETF in August 2022, Strive has grown to manage over $2 billion in assets [4] Strategic Implications - The acquisition allows True North to leverage existing distribution channels built by Asset Entities, marking a new expansionary era for its media platform, including its Investment Grade Bitcoin podcast [2] - Jeff Walton expressed that joining forces with Strive is a rational path to amplify True North's influence and accelerate market development [3]

Group 1 - Strive Inc. shares fell sharply by 17.48% to $7.006 as investors reacted to the company's aggressive Bitcoin accumulation strategy [1][5] - The company completed a merger with Asset Entities Inc., which provided an initial stake of 69 Bitcoin and access to $450 million at-the-market offerings [2] - Strive's board includes experienced Bitcoin strategists, enhancing its governance and digital asset strategy capabilities [3] Group 2 - The company has authorized a $500 million stock buyback program and plans to issue a perpetual preferred equity security in 2025 to support Bitcoin purchases [4] - Concerns about dilution, execution uncertainties, and regulatory risks have contributed to the decline in share price despite the ambitious strategy [4]

Core Insights - Strive, Inc. is positioned as the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share and outperforming Bitcoin over the long term [4][8]. Company Strategy - The company began with 69 Bitcoin acquired through a Section 351 exchange during its merger with Asset Entities, Inc. It plans to enhance its Bitcoin strategy using proceeds from a $750 million financing round announced in May 2025, with a potential additional $750 million from warrant exercises [2][4]. - Strive has filed a S-3 ASR shelf registration, allowing it to raise additional capital through various financing tools, including a stock repurchase program of up to $500 million, contingent on market conditions [3][4]. Board of Directors - The board is composed of experienced Bitcoin executives, emphasizing the importance of a mission-aligned board for achieving the company's goals in Bitcoin treasury management [4][7]. Financial Instruments - Strive aims to leverage its shelf registration to issue publicly registered perpetual preferred equity securities to purchase additional Bitcoin, which is expected to amplify Bitcoin exposure for common equity shareholders while providing attractive risk-adjusted income opportunities for yield-focused investors [5][6]. Market Position - Since launching its first ETF in August 2022, Strive Asset Management has grown to manage over $2 billion in assets, indicating a strong market presence and investor interest [9].

Group 1 - The combined company will continue to trade on Nasdaq under the ticker ASST [1] - The company will begin its Bitcoin accumulation strategy [1]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Asset Entities Inc. (NASDAQ:ASST) shareholders approved a reverse merger with Vivek Ramaswamy-backed Strive Enterprises, creating what executives call a leading public Bitcoin (CRYPTO: BTC) treasury company with potential $1.5 billion in funding. Transaction Details Finalized The merger received strong shareholder support from Asset Entities on Monday, following Strive shareholders’ September 4 approval. T ...

Asset Entities (ASST) and Strive Enterprises, co-founded by former presidential candidate Vivek Ramaswamy, have received merger approval. The new entity will be renamed Strive Inc. and pursue a Bitcoin treasury strategy. Pending Nasdaq approval, the deal includes a $750 million PIPE and could raise up to $1.5 billion if warrants are exercised.https://t.co/xhiqpdYAYi ...

Group 1 - Asset Entities Inc (ASST) shareholders have approved a merger with Strive Enterprises, leading to the formation of a new entity named Strive Inc. that will pursue a bitcoin treasury strategy [1] - The merger is contingent upon Nasdaq listing clearance and other customary conditions [2] - Matt Cole will serve as chairman and CEO of the combined company, while Arshia Sarkhani will become chief marketing officer and board member [2] Group 2 - Strive expects to finalize a $750 million private placement (PIPE) financing upon closing, with potential gross proceeds exceeding $1.5 billion if warrants are exercised [3] - The company aims to maximize bitcoin per share through a disciplined, long-term strategy designed to outperform Bitcoin itself [3] - ASST shares have increased by 38% in U.S. mid-morning trade [3]

Company Overview - Asset Entities Inc. is a technology company focused on social media marketing and management across various platforms, including Discord, TikTok, and Instagram [4] - Strive Enterprises, Inc. is a financial services firm co-founded in 2022, aiming to maximize client value through unapologetic capitalism and plans to become the first publicly traded asset management Bitcoin treasury company [5] Merger Details - Asset Entities' stockholders approved the merger with Strive, which was previously approved by Strive's stockholders on September 4, 2025 [1][2] - The combined company will be renamed Strive, Inc. and will trade on Nasdaq under the ticker symbol ASST, led by Matt Cole as CEO and Chairman [2] Financial Position - The merger is expected to be accompanied by a private placement financing (PIPE) that could yield over $750 million in gross proceeds, with an additional $750 million available through warrants, totaling potential gross proceeds of over $1.5 billion [3] Strategic Vision - The merger is seen as a defining moment for the mission to build a world-class Bitcoin Treasury Company, with a focus on disciplined, long-term strategies to outperform Bitcoin itself and create shareholder value [3] - The combined entity aims to leverage a zero debt profile and a robust financial structure to maximize Bitcoin per share for investors [3]

Core Viewpoint - Asset Entities Inc. has announced that its registration statement related to the proposed merger with Strive Enterprises, Inc. has been declared effective by the SEC, paving the way for a virtual special meeting to vote on the merger proposals [1][2][8]. Merger Details - The virtual special meeting for stockholders to vote on the merger will take place on September 9, 2025, with stockholders of record as of July 21, 2025, eligible to vote [2][4]. - The Asset Entities Board has unanimously determined that the merger agreement is in the best interests of the company and its stockholders [3]. - Over 40% of the voting stockholders have committed to vote in favor of the merger, with an additional 10% needed for approval [4]. Company Structure Post-Merger - Upon completion of the merger, the combined entity will be named Strive, Inc., continuing to trade under the ticker symbol "ASST" and will focus on becoming a public Bitcoin Treasury Company [5][6]. Financial Aspects - The company anticipates receiving over $750 million in gross proceeds from a private placement financing, with an additional $750 million available through warrants, totaling over $1.5 billion in potential gross proceeds [6]. - Before considering the PIPE Financing and Exchange, Strive stockholders are expected to own approximately 94.2% of the combined company, while Asset Entities stockholders will own about 5.8% [7]. Leadership - Matt Cole, the current CEO of Strive, will lead the combined company as CEO and Chairman, while Arshia Sarkhani, President and CEO of Asset Entities, will serve as CMO and be part of the board [7]. Strategic Vision - The merger is positioned as a transformative opportunity to build one of the largest Bitcoin Treasury Companies, with a focus on aggressive Bitcoin accumulation strategies [8][11].